By: greenbank On: September 01, 2016 In: Comments: 0

CEFC and Commonwealth Bank have launched a new AU$100 million Energy Efficient Equipment Finance program to provide Australian businesses and not-for-profits with lower cost finance for a wide range of assets that meet certain energy efficiency standards. The new program enables businesses to benefit from reduced energy and fuel costs, while also lowering their carbon emissions. The finance will provide a 0.70 per cent discount on the bank’s standard asset finance rate for assets ranging of AU$10,000 to AU$5 million (up to 100% financing of equipment cost), where the asset’s technologies meet the CEFC’s investment guidelines. Eligible investments include a broad range of fuel efficient vehicles, energy efficient lighting and fittings, farm machinery, commercial lighting and rooftop solar panels. Lending is structured to meet borrower cash flows.

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